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Exhibit 2-1 50 70 70 Guns (thousands of units) 50 20 440 40 50 60 B 30 10- 0 10 20 30 40 50 60 70 80 Butter (thousands of units). Refer to Exhibit 2-1. The movement from point A to point B is a movement from O a productive inefficient point to a productive efficient point. O a point with more guns and less butter to a point with more butter and even more guns. O a productive efficient point to a productive inefficient point. O a productive efficient point to another productive efficient point.

Exhibit 2-1 50 70 70 Guns (thousands of units) 50 20 440 40 50 60 B 30 10- 0 10 20 30 40 50 60 70 80 Butter (thousands of units). Refer to Exhibit 2-1. The movement from point A to point B is a movement from O a productive inefficient point to a productive efficient point. O a point with more guns and less butter to a point with more butter and even more guns. O a productive efficient point to a productive inefficient point. O a productive efficient point to another productive efficient point.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Exhibit 2-1 50 70 70 Guns (thousands of units) 50 20 440 40 50 60 B 30 10- 0 10 20 30 40 50 60 70 80 Butter (thousands of units). Refer to Exhibit 2-1. The movement from point A to point B is a movement from O a productive inefficient point to a productive efficient point. O a point with more guns and less butter to a point with more butter and even more guns. O a productive efficient point to a productive inefficient point. O a productive efficient point to another productive efficient point.
Transcribed Image Text:Exhibit 2-1 50 70 70 Guns (thousands of units) 50 20 440 40 50 60 B 30 10- 0 10 20 30 40 50 60 70 80 Butter (thousands of units). Refer to Exhibit 2-1. The movement from point A to point B is a movement from O a productive inefficient point to a productive efficient point. O a point with more guns and less butter to a point with more butter and even more guns. O a productive efficient point to a productive inefficient point. O a productive efficient point to another productive efficient point.
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